![CNBCTV 18 CNBCTV 18](https://images.cnbctv18.com/wp-content/uploads/2018/03/calculator-calculation-insurance-finance-53621-350x196.jpeg?impolicy=website&width=343&height=193)
The Insurance Regulatory and Development Authority (IRDA) is likely to meet by June-end and may consider crucial proposals for granting business approvals, sources privy to the developments told CNBC-TV18.
A series of crucial business proposals are lined up for the insurance regulator’s upcoming board meeting, which is scheduled to happen in the last week of June.
Among the contenders, the most important one is SORIL Holdings and Ventures.
SORIL Holdings and Ventures is a listed subsidiary of Indiabulls Group.
Sources told CNBC-TV18 that IRDA is likely to grant R2 or the second level approval to SORIL Holdings for its life and general insurance business.
Digital payments major, Paytm, may also file papers for R1 or primary approval for life and general insurance business before the meet.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
![](/static/images/loksabha2024/loksabha2024.png)
![](/static/images/loksabha2024/loksabha2024.png)
EVM unlocking controversy in Mumbai North West Lok Sabha seat — What we know so far
Jun 17, 2024 10:25 AM